Sophia Hernandez
Sophia Hernandez is an experienced crypto writer who has been writing about crypto and blockchain technology for 3 years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.
Articles by Sophia Hernandez
8 months ago
1 min read
Twitter, now known as X, has been granted the Rhode Island Currency Transmission License. This license is a crucial requirement for facilitating cryptocurrency trading activities within the state. This development paves the way for X to potentially offer a range of virtual currency-related services on behalf of its users. These services could encompass vital functions such as securely storing, transferring and exchanging digital assets. The Rhode Island Department of Business Regulation has outlined that anyone or any entity engaging in the management of virtual currency or transactions involving virtual currency on behalf of others must obtain a currency transfer license.
8 months ago
2 mins read
The Trump Digital Trading Cards, a collection of non-fungible tokens (NFTs) featuring illustrated depictions of Donald Trump, have experienced a significant upswing in both price and trading volume. This surge has been attributed to a week filled with noteworthy events in the US political landscape. The boost in trading activity is closely tied to two key developments: the release of Donald Trump’s mugshot and his interview with former Fox News host, Tucker Carlson. The saga began on Thursday, August 24, when Donald Trump’s mugshot circulated after he turned himself in at the Fulton County Sheriff’s office as part of a
8 months ago
1 min read
Shibarium, the Ethereum layer-2 blockchain designed to facilitate transactions within the Shiba Inu ecosystem, has made a triumphant return after initial setbacks. The relaunch this week has successfully resolved the issues, resulting in a smoothly operating network. Initially introduced on August 17, Shibarium encountered congestion problems that hindered its functionality. The surge in user activity led many investors to find their funds trapped in the bridge contract, causing frustration and disruption. The developers of Shibarium were quick to respond, taking proactive steps to strengthen the network’s capacity to handle high-traffic loads. Acknowledging the need for improvement, they temporarily suspended operations
8 months ago
2 mins read
The U.S. Federal Bureau of Investigation (FBI) has issued a warning to the crypto community, cautioning that individuals linked to North Korean hackers might be planning to sell over $40 million worth of bitcoin. This announcement was made by the intelligence and security agency, which has been tracking crypto stolen by entities known as the Lazarus Group and APT38, both connected to the Democratic People’s Republic of Korea (DPRK). These entities are known to use a strategy referred to as “TraderTraitor.” The FBI expressed its belief that the DPRK could potentially seek to convert Bitcoin, valued at more than $40
8 months ago
2 mins read
Nodal Power, an innovative firm at the intersection of renewable energy and cryptocurrency, has announced the completion of a $13 million seed funding round. This funding injection is dedicated to advancing Nodal Power’s pioneering approach to reducing methane emissions from landfills while harnessing their untapped energy potential. With a focus on Bitcoin mining, the company is making strides in transforming waste into a valuable resource, as highlighted in their recent press release. Nodal Power’s unique strategy involves mitigating methane emissions at landfills by utilizing them to power Bitcoin mining data centers. By doing so, the company addresses a pressing environmental
9 months ago
2 mins read
Yuga Labs, the driving force behind the iconic Bored Ape Yacht Club (BAYC) NFT collection, has made an announcement. The developers have decided to terminate their partnership with OpenSea, a leading NFT marketplace. This move comes as a reaction to OpenSea’s upcoming shift towards a discretionary royalty structure, which has stirred a considerable response within the NFT community. OpenSea, a prominent platform for trading non-fungible tokens (NFTs), recently unveiled changes to its creator fee structure. As of August 31, 2023, new collections will no longer be mandated to include royalties. OpenSea’s introduction of this discretionary approach was communicated through an
9 months ago
1 min read
Shiba Inu (SHIB), the cryptocurrency that once captured attention as a memecoin, has taken a significant step forward in its evolution. The project has introduced Shibarium, a layer-2 blockchain network built atop Ethereum that operates using SHIB tokens as transaction fees. This groundbreaking move demonstrates Shiba Inu’s ambition to transcend its memecoin origins and provide enhanced utility and value to its token holders. The launch of Shibarium marks a pivotal moment in Shiba Inu’s journey, as it aims to expand its horizons beyond the realm of memecoins. The layer-2 network is designed to bring added functionalities and benefits to the
9 months ago
2 mins read
Auckland-based crypto exchange Dasset is facing dire circumstances as it reportedly goes into liquidation, resulting in a distressing situation for its customers who are unable to access their funds. The Herald, a local media outlet, has reported that hundreds of Dasset’s customers are currently locked out of their accounts, with substantial amounts of cryptocurrency worth tens of thousands of dollars trapped within the platform. Amidst the turmoil, a disheartening story emerged from a customer who has been struggling to withdraw their life savings of $40,000 from their Dasset account for a period of three months without success. Another user claimed
9 months ago
2 mins read
Shiba Inu (SHIB) has been riding a wave of bullish momentum for consecutive weeks, reclaiming the #10 Altrank position. With a promising price trajectory, SHIB appears poised to breach the top 10 cryptocurrencies by market capitalization by overtaking Tron (TRX). Shiba Inu’s recent price trajectory has been nothing short of impressive, propelling it to secure the leading spot on Altrank charts. As SHIB’s price displayed nearly double-digit growth on the daily chart, Tron (TRX) remained relatively subdued. LunarCrush, a renowned social analytics platform, highlighted a significant surge in SHIB’s social performance. This increase in online engagement has coincided with a
9 months ago
2 mins read
Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s performance. What they encountered, however, was more than they bargained for. Screenshots flooded social media platforms, capturing moments when XRP‘s displayed price on Gemini at times surpassing the $1 mark
9 months ago
2 mins read
The Ponzi scheme centered around a cryptocurrency project named STA Crypto Token, exploited the allure of solar technologies and blockchain innovation. As reported by The Indian Express on Aug. 8, the fraudulent scheme revolved around the STA Crypto Token, which purported to merge the potential of solar technologies with the blockchain revolution. However, investigations reveal that the project was a smokescreen for a Ponzi scam that targeted unsuspecting investors. The scam’s success was staggering, with a reported theft of Rs 1,000 crore (10 billion rupees, or $120 million) from victims. Shockingly, around 200,000 individuals, including 10,000 from Odisha alone, fell
9 months ago
2 mins read
Binance, the world’s leading cryptocurrency exchange renowned for its high trading volume, has taken a proactive step towards transparency by releasing its August 2023 reserve report. This report sheds light on the exchange’s substantial holdings of digital assets and its robust reserves-to-customer-balance ratio. Unveiling Binance’s Reserves and Ratio The August 2023 reserve report from Binance underscores the exchange’s commitment to accountability and customer trust. The central focus of this disclosure lies in the exchange’s ability to cover customer deposits with a significant margin of reserves. The reserve ratio, a crucial metric in this context, is derived by dividing Binance’s net
